IndiGo IPO update; JAL bonds are coming back; Akbar Al Baker’s pre-airshow threat to manufacturer

IndiGo finance managers are conducting the final round of meetings with banks in Paris this month to decide which will become the underwriters of the US$400m IPO of the airline. As mentioned here previously, the IPO should launch around September time. The mantra for this IPO is very simple indeed: if IndiGo can turn a profit in the Indian market over the past few years, as it has done, then just think about what it could achieve if regulations were even slightly relaxed and ATF taxes cut. There is no question that IndiGo is a fabulous airline.  However, it remains